5 000 m² Land available in Ravenswood

PRIME 21-UNIT RESIDENTIAL DEVELOPMENT OPPORTUNITY RAVENSWOOD, BOKSBURG

A prime residential development opportunity in sought-after Ravenswood, Boksburg, offering development potential for 21 sectional-title residential units.

The project is well advanced, with bulk contributions for all 21 units already paid and the municipal process substantially progressed. This presents an opportunity to acquire a project where significant groundwork has already been completed.

SECTION 82 & ENGINEERING

The only outstanding requirement for the Section 82 certificate is the completion and submission of the required engineering designs. The property cannot transfer without the Section 82 certificate, therefore the engineering design costs will be for the purchaser''s account.

The engineering submission includes internal stormwater, sewer, water, roads and levels, bulk earthworks, stormwater management, final access design and the required rational design for the new culvert and stormwater connection.

The culvert still needs to be constructed, but the actual civil works do not need to be undertaken at this stage in order to complete the Section 82 process.

Access will be via a paved entrance from Ravenswood Road with a left-in, left-out configuration.

KEY BENEFITS

21-unit residential development potential

Bulk contributions already paid for all 21 units

Section 82 process substantially advanced

Engineering design is the main outstanding requirement

Paved left-in, left-out entrance from Ravenswood Road

Prime RavenswoodBeyers Park location

Excellent opportunity for a developer or investor

PRICE: R1,000,000 EXCLUDING VAT

Detailed development, municipal and engineering documentation will be made available to the purchaser during the due diligence period.